This paper re-examines the effects of population aging and pension reforms in an OLG model with labor market frictions. The most important feature brought about by labor market frictions is the connection between the interest rate and the unemployment rate. Exogenous shocks (such as aging)...

We build on the DSGE literature to propose an overlapping generation model for Luxembourg. By way of illustration, the model is then used to study the consequences of the ageing of the population and the potential effects of alternative macroeconomic policies.

French Abstract: Les Cahiers du Centre reprennent ici plusieurs des interventions du colloque du 22 mars dernier organisé par le Club des Investisseurs de Long Terme en liaison avec le World Pension Forum sur la réforme des retraites en France dont le programme, malgré les grèves ce...

This paper deals with the particular fiscal incidence induced by an unfunded pension system. That consists to understand how the financing and the calculus of pensions modify the transitory and long run macroeconomic dynamics. We develop an OLG model with endogenous labour supply in an economy...

While a new retirement pension reform is currently discussed in France, it is crucial to evaluate previous reforms. Up to now, no evaluation of the 2003 reform is available, particularly for civil servants. This article deals with the impact of this reform on the retirement behaviour of public...

The Destinie model is a dynamic microsimulation model that has been developed and used at the French national statistical institute (INSEE) since the mid-1990s and whose main application is the analysis of pension policies. The paper presents the new version of the model that is progressively...

Mens and womens pensions and retirement ages remain very different, even if this gap has been closing (slowly) for the most recent generations. This work analyses possible developments till 2040. We first study the impact on future pension entitlements and on disparities between genders of the...